ArmInfo. Despite the impact of the coronavirus pandemic, the amount of revenues to the state budget of Armenia in the first 9 months of this year amounted to 1 trillion 16.8 billion  drams against the programmed 916.7 billion drams and against 901.6  billion drams for the same period of 2019.  The State Revenue  Committee of Armenia (SRC) reports this.

ArmInfo.

ArmInfo.  According to the new forecast of the World Bank for 2020, the decline in Armenia's GDP will be 6.3%, against the previously expected 2.8% and actual 7.6%  growth in 2019. In 2021, the WB expects Armenia's GDP to grow by  4.6%. This is noted in the WB report "Europe and  Central Asia  Economic Update" published on October 7, which indicates new  expectations for a decline in GDP in the ECA region in 2020 by 4.4%,  with growth in 2021 at 3.3 %.

ArmInfo.

ArmInfo.

ArmInfo.  In January-August  2020, according to the data of the Statistical Committee of the  Republic of Armenia, 21.6 million liters were produced in Armenia.  cognac, which is 12% less than a year ago (against 44.5% growth a  year earlier).

ArmInfo.

ArmInfo. The production of aluminum foil in Armenia in January-August 2020 compared to the same period in 2019 increased by 14%, with a volume of 23.515 thousand  tons provided. This is evidenced by the data of the RA Statistical  Committee.

ArmInfo.

ArmInfo.

ArmInfo.Fitch forecasts that the Armenian economy will contract by 6.2% this year, with 3.2% growth in 2021. This is noted in the report published  yesterday by  Fitch, which indicated that the agency now expects a weaker recovery  in external demand, including in the tourism sector, along with a  moderate slowdown from the curtailment of fiscal measures.

ArmInfo.

ArmInfo.

ArmInfo. Electricity generation in Armenia in January-August 2020 amounted to 5104.8 million kWh,  increased by 1.9% in y-o-y turns  (against the decline  by 3.5% a year earlier), and  in August  alone increased by 1.6% - up  to 656.4 million kWh.

ArmInfo.

ArmInfo.

ArmInfo. In the consumer market of Armenia in January-September 2020, a deflation of 1.4% was recorded, against deflationary 2.1% in the same period of 2019. This  was triggered by a decrease in prices for food products (including  alcohol and cigarettes) by 4.1% and non-food products by 0.3%, while  tariffs for services increased by 1.3%.

ArmInfo. By the end of 2020, the budget deficit of the Republic of Armenia will reach 459 billion drams, which is 7.4% of the RA GDP. A similar forecast was announced  on October 5 by the RA Minister of Finance Atom Janjukhazyan during  the sitting of the Standing Committee of the National Assembly of the  Republic of Armenia on Financial-Budgetary Issues.

ArmInfo.

ArmInfo.